Research suggests making participants more comfortable with annuitizing their savings could help them with spending in retirement.
The bill, which has been introduced in previous legislative sessions, would allow annuities to be a default investment in employer-provided 401(k) plans.
Research shows workers who cash out their retirement plan savings could lose roughly 1.5 years of accumulated wages, but auto-portability seeks to make it easier to prevent this.
Groom Law Group has published a guide that discusses fiduciary duties in the context of providing lifetime income options within defined contribution plans.
The firm says the digital tools embedded on the website are designed to encourage participants to engage more with their accounts.
The past two years have been challenging for institutional investors, but they have also brought about opportunities to address some long-term financial challenges.
State Street launches new retirement income strategy, while Federated Hermes launches two new ETFs.
The traditional view is that retirees prefer steady consumption as they age, but research suggests that spending declines as retirement progresses.
With so many Americans having gone through tough times over the past two years, a new study looks at how this has affected their financial well-being and sense of the future.
They foresee growth in the use of CITs, retirement income products and ESG investments.
Considering low bond yields and high stock valuations, Morningstar re-examined the traditional 4% withdrawal rule.
As many as one in three workers say they are set to retire or considering leaving their current role in the next 18 months, according to a new survey from Principal Financial Group.
Higher than average rates of poverty among Americans over the age of 65 can be found in 19 states and Washington, D.C., according to a MagnifyMoney survey.
Individual and institutional investors were feeling better about market risks before getting a Delta-driven reality check.
New Allianz Life research analyzes the significant gaps in access to financial services found among different demographic groups in the United States.
As a result, more workers say they want investment advice from professionals.